Every Dirty Gift #Trump’s #BigBill Gives the #FossilFuel Industry
Trump’s “#BigBeautifulBill” has billions for oil and gas companies: tax breaks, deductions, and pay-to-play #environmental #deregulation
by Antonia Juhasz, July 10, 2025
"The new law compounds the already $17 billion in direct federal subsidies U.S. taxpayers pay to oil, gas, and coal companies every year. It cuts hundreds of billions of dollars in tax incentives for #RenewableEnergy, despite it being cheaper, healthier, more efficient, and more reliable than #FossilFuels. As a result, the law threatens nearly a million U.S. jobs and will result in higher electricity and transportation costs for people living in every state in the continental U.S.
"The power of the fossil fuel industry over Trump and the #RepublicanParty is on full display in their Big Beautiful Bill. Mike Sommers, president of the #AmericanPetroleumInstitute, the fossil fuel industry’s largest lobbying group, told CNBC, 'It includes almost all of our priorities.' "
Archived version:
https://archive.ph/ARDGt
